THETA, the specialist provider of buy-side trading technology as a service, has appointed Peter Meddemmen as Chief Technology Officer.
Industry leading technologist Peter has over 30 years of capital markets management experience of technology for multi-asset solutions across the order execution lifecycle, including front-to-back workflows, risk, security, legal and regulatory frameworks.
Peter joins THETA from Bloomberg, where he has held several senior positions in the Trading Solutions team since 2007. Peter previously held CTO positions at City Index and GL Trade (acquired from Sungard in 2009). Early in his career, Peter was VP of Technology at Thomson Financial (now Refinitiv, jointly owned with Blackstone Group).
Peter will be responsible for all technology delivery while THETA moves towards product launch later in 2020. Over the past 9 months, THETA’s next-generation cloud-native multi-asset trading technology blueprints and prototypes have been validated by industry experts and leading asset managers at $ 5 trillion AUM.
Abdullah Hiyatt, THETA Founder and CEO, commented, “Peter has a wealth of domain and technology expertise to advance our technical skills in preparing for our platform rollout and executing our innovation strategy. He complements our growing team of seasoned industry experts, which includes Co-Founder and Product Manager Paul Wallace, former Head of Fixed Income Dealing at Aviva Investors. “
Peter Meddemmen commented: “I am very happy to come to THETA and to be part of a fantastic team. The readjusted financial market and the associated costs have forced institutes to change their business model, a model that THETA fits perfectly. I’m really excited to be part of this “wind of change”. “
THETA’s multi-asset O / EMS service for the buy-side will start in summer 2020.